You're going to need a few extra bucks to pay for those corn flakes every morning.
CNN's senior business correspondent Ali Velshi let viewers in on an underreported fact about rising commodities prices: the government mandate for ethanol production is making corn and other agricultural products more expensive-making inflation a top priority for Americans.
"Several years ago, we made some decisions about how corn is going to be used to make ethanol, which is added to our gasoline," said Velshi on "American Morning" April 4. "A number of people think that that was meant to reduce our dependency on crude oil. What is does is it takes what is fundamentally a food source and makes it into a gasoline source. That's caused corn to go up."















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